2016-05-29

There is a certain economical logic in companies
going bankrupt or being forced to do layoffs. When a company does not
provide enough value anymore to society, it should release some of the resources
(namely people and materials) for doing something more useful for society.

There are, of course, some pitfalls here.

When
someone that is fired cannot find another job, the actual value in
society is decreasing. Even premature retirement can have a similar loss
effect on society if that person was still creating some value and
after retirement he doesn't find something useful to do (like
volunteering, helping family).